Who is Vijay Mallya?
Mallyawas the chairman of the United Breweries Group. One of India’s largest conglomerates. It has wide interests including brewing, aviation, pharmaceuticals and real estate. And also in engineering, fertilizers, biotechnology and information technology. He was born in December 1955. He is married to Rekha Mallya. He has 4 children (Siddhart, Laila, Tanya, Leanna).
He built a reputation as India’s “King of Good Times”.
United Breweries is India’s largest producer of beer. With a market share of around 48%. It’s famous brand name is Kingfisher Beer. The companies realized sales of more than US$ 5 billion in 2013.
Mallya became chairman of the company at the age of 26. That was when his father died.
Mallya now owns approx. 5.3 million shares in United Brewery. He owns 8% of the total share capital. This is representing a value of around US$ 70 million.
Mallya launched Kingfisher Airline. It was an airline established in 2005. The company later became insolvent and was shut down in 2012.
Vijay Mallya Net Worth
Forbes estimated the net worth of Mallya at USD 750 million. Mallya was the co-owner of the Formula One team Sahara Force India. He sold the team to Lawrence Stroll.
In 2018 Mallya appeared to London’s Westminster Magistrates’ Court. The court found a case against Mallya for fraud, conspiracy, and money laundering. The verdict was that Mallya should be extradited to India.
He could appeal the decision to London’s High Court. He claimed the verdict was politically motivated at the request of Indian Authorities. And he offered to pay back the loans he owed.